Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Recreational Land Acreage Title is generated by Realmo AI

    Tract 2 An County Road 153, Palestine, TX 75801

    View on Map
    Claim this Listing
    For Sale
    $374,400

    LAND - Palestine, TX

    Lot size:
    43.10 Acres
    Added:
    May 20, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for Tract 2 An County Road 153

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    21023 Tract 2
    Lot size
    43.10 Acres

    We can help!

    Listing Contact
    Dana Staples
    Dana Staples

    Listing agent Dana Staples License #0546841

    Listing office Staples Sotheby's International Realty LLC Frankston, TX

    Listing date May 20, 2026

    MLS# 21078108 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 43.099‑acre tract near Elkhart, just south of historic Palestine, Texas
    • Rolling hay meadow bordered on three sides by mature trees
    • Creek meanders within the trees along the property line
    • Mobile home restricted
    • Property includes a blend of open pasture and a wooded border

    Overview

    This offering is an approximately 43.099-acre tract featuring a rolling hay meadow bordered on three sides by mature trees. A creek meanders within the trees along the property line, adding natural character and a sense of seclusion. The land is described as a mix of open pasture and wooded border, creating a private setting for outdoor living and recreation. Mobile home restrictions apply.

    Located near Elkhart, just south of historic Palestine, Texas, the property offers a peaceful East Texas country environment while still being accessible to the broader area. With its natural tree-lined edges and creek feature, the tract is well suited for buyers looking for space and privacy in a rural setting.

    The configuration supports a range of uses, including a dream home site, weekend retreat, or small ranch concept where open pasture and natural screening both matter. The blend of meadow and wooded areas provides flexibility for recreation and livestock-minded buyers who want a quiet property with established natural boundaries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Building Supply Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palestine
    County
    Anderson
    State
    Texas
    Longitude
    -95.6303954
    Latitude
    31.9340101

    Nearby Similar for Sale

    • $359,000
      3,372 SF

      Medical/Professional Office Space Available

      Prime location near hospital, ideal for medical or wellness practices.
      123 Medical Dr Suite A, Palestine, TX 75801
      View Details
    • $495,000
      5,427 SF

      Operating Dealership at Busy Intersection

      Fully operational dealership with equipment and employees in Palestine, TX.
      412 S Springs St, Palestine, TX 75801
      View Details
    • $274,900
      3,888 SF

      Versatile Commercial Property in Palestine, TX

      Adaptable commercial space on one acre in a convenient location.
      2000 E Murchison St, Palestine, TX 75801
      View Details
    • $1,350,000
      3,324 SF

      Palestine Multifamily Investment Opportunity

      8+ acres with multiple residences and income potential.
      3091 FM 322, PALESTINE, TX 75801
      View Details
    • $498,500
      3,000 SF

      Prime Commercial Land in Palestine, TX

      2.795-acre commercial property with high visibility and development potential.
      1801 N Queen St, Palestine, TX 75803
      View Details
    • $975,000
      7,840 SF

      Commercial Property with Business Opportunity

      Two buildings, land, business, and inventory for sale in Palestine.
      1900 Crockett Rd, Palestine, TX 75801
      View Details
    • $745,000
      7,315 SF

      Palestine Commercial Property with Trucking Features

      Commercial property with trucking amenities, warehouse, and service bays.
      9182 HWY 79, Palestine, TX 75801
      View Details
    • $350,000

      Established Restaurant & Commercial Space

      Prime investment opportunity in Palestine, Texas.
      1907 W Oak Street, Palestine, TX 75801
      View Details
    • $595,000

      Palestine, TX Land Investment Opportunity

      19.43 acres with credit-worthy tenant and long-term lease.
      6175 Loop 256, Palestine, TX 75801
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Rolling hay meadow with mature tree borders and an on-site creek line, ideal for a private retreat or small ranch.
    Where is this agricultural land / farmland located?
    The property is located at Tract 2 An County Road 153 Palestine, TX.
    What is the asking price?
    The asking price for this property is $374,400.
    What are key features of this property?
    This property features: Approximately 43.099‑acre tract near Elkhart, just south of historic Palestine, Texas; Rolling hay meadow bordered on three sides by mature trees; Creek meanders within the trees along the property line
    (903) 876-1051
    We can help!
    Listing Contact
    Dana Staples
    Dana Staples
    Real Estate License ID: 0546841
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Tract 2 An County Road 153, Palestine, TX 75801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!